Avingtrans H1 results confirmed good headway has been made on integrating Hayward Tyler Group (HTG) and restoring its prospects. The group’s financials also showed pleasing progress, with a modest adjusted operating profit reported for H1 18. We have made no changes to our adjusted PBT forecast for FY18, but have increased our FY19 forecast by 13% driven by progress on restructuring savings. We have increased our adjusted diluted EPS estimates by a more material 6% for FY18 and 37% for FY19 refl ....
28 Feb 2018
Good progress on integration; FY19 PBT raised 13%
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Good progress on integration; FY19 PBT raised 13%
Avingtrans plc (AVG:LON) | 405 0 0.0% | Mkt Cap: 134.0m
- Published:
28 Feb 2018 -
Author:
Jo Reedman -
Pages:
3
Avingtrans H1 results confirmed good headway has been made on integrating Hayward Tyler Group (HTG) and restoring its prospects. The group’s financials also showed pleasing progress, with a modest adjusted operating profit reported for H1 18. We have made no changes to our adjusted PBT forecast for FY18, but have increased our FY19 forecast by 13% driven by progress on restructuring savings. We have increased our adjusted diluted EPS estimates by a more material 6% for FY18 and 37% for FY19 refl ....